Monday, February 5, 2007. Issue 3589. Page 6.
Bloomberg
LONDON — Shell will build more liquefied natural gas processing units at its Sakhalin-2 project in Russia if it gains access to more reserves with Gazprom, its new state-run partner.
Shell and its two Japanese partners agreed in December to sell Gazprom half their stakes in the Sakhalin-2 venture, which includes the country’s first LNG export terminal. Shell had anticipated years before the deal with Gazprom that it might build more LNG units, called trains, to create an export hub for Sakhalin-area projects.